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Energy Fuels Closes $22 M Bought Deal

Energy Fuels Inc. (EFR.TO) has closed the previously announced bought deal offering of floating-rate convertible unsecured subordinated debentures for aggregate gross proceeds of $22,000,000. The debentures will mature on June 30, 2017 and are convertible into common shares of the company.

Energy Fuels intends to use the net proceeds for sustaining capital for the Company's existing mine operations, mine permitting and development of the Company's existing properties, repayment of certain indebtedness, and for working capital and general corporate purposes.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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